Property and business

Add the home you live in and any other property you own, like a rental. For each, enter what it would sell for and what you still owe on it. Only your equity, the difference, counts towards your net worth.

Choose who owns each one: you, your partner, or Joint if you own it together. If you sell the home you live in and you own it together, LongSpan shelters up to $500k of the gain, as it does when you file jointly.

Its value grows at the rate you enter. Leave it empty to use your default property growth rate, which you can set on the Accounts step. A mortgage is paid down at its interest rate until the payoff date.

If you rent your home, skip this and add the rent on the Expenses step.

Enter a property’s property tax, insurance and upkeep here rather than on the Expenses step, so they stop if you sell. Each grows at its own rate, or with inflation if you leave it empty.

If you rent a property out, add the rent it earns too.

Add a share of a company with no public share price: a business you founded, a partnership, an LLC or one you invested in. Shares you can buy on a stock market go on the Accounts step instead.

Enter what your share is worth today. It grows at the rate you enter, or with your market return if you leave it empty, and counts towards your net worth.

If you plan to sell, add the year and what you put in. LongSpan uses what you put in to work out the gain on the sale.